Tyler Foster
Latest Articles by Tyler Foster
The IRS updated its withholding calculator to reflect the new tips and overtime breaks
Millions of workers who earn tips or clock overtime hours can now adjust their federal tax withholding to account for two new deductions signed into...
The IRS has refunded $241.7 billion this year, up about $30 billion from 2025
Tens of millions of American taxpayers have already received their refund checks this spring, and the total amount sent back by the IRS is running...
Meta, Oracle and Block have eliminated 184,000 jobs this year, all citing AI
Block cut 4,000 jobs from a workforce of about 10,000 this year, with CEO Jack Dorsey telling shareholders that artificial intelligence had reshaped how the...
Used-car prices rose about 3.1% in May, roughly $870 more per vehicle in a month
Americans shopping for a used car in May 2026 faced a sharply higher price tag. The Consumer Price Index for used cars and trucks climbed...
The Education Department paused wage garnishment for defaulted student-loan borrowers
Millions of federal student-loan borrowers who have fallen into default will not see their paychecks or tax refunds seized for the time being. The U.S....
Home-equity and variable-rate borrowers got no relief from the Fed’s decision
Millions of Americans carrying home-equity lines of credit and adjustable-rate mortgages will keep paying the same elevated rates after the Federal Reserve held its benchmark...
Coffee prices are climbing faster than almost anything else at the grocery store this year
American grocery shoppers are paying sharply more for coffee than they were a year ago, with price increases that dwarf most other items in the...
Savers are the rare winners from the Fed’s hold, with top yields still above 4%
Savers holding cash in high-yield deposit accounts woke up on June 17, 2026, to a familiar but favorable reality: the Federal Reserve held rates steady...
Forget a summer rate cut: some Fed officials now want a hike before year’s end
Several Federal Reserve officials now project at least one interest-rate increase before the end of 2026, a sharp reversal from the summer rate cut that...
$12,500 in overtime pay is now deductible on the tax return you file next spring
Workers who logged extra hours in 2025 stand to keep more of that pay when they file federal tax returns next spring. The One Big...
San Francisco now leads the country in rent growth at 6.3% over the past year
Renters across San Francisco are absorbing the steepest annual rent increases of any major U.S. metro, with prices climbing 6.3 percent year over year as...
The S&P 500 fell more than 1% as the Fed dashed hopes for lower rates
Investors holding U.S. equities lost ground on June 17, 2026, after the Federal Reserve signaled it is in no rush to cut interest rates. The...
Tipped workers can deduct up to $12,500 in tips on next spring’s tax return
Millions of workers who earn tips will be able to subtract up to $25,000 in qualified tip income from their 2025 federal taxes when they...
1,115 tech jobs are being cut every day this year, with most blamed on AI
Tech workers across the United States are losing jobs at a pace that has few recent parallels. An average of 1,115 technology positions have been...
AI data centers are quietly pushing household electric bills higher heading into summer
Millions of households across the East Coast face higher electricity bills this summer, and a growing share of that cost pressure traces back to the...
Used-car inventory is finally rising, giving budget buyers more room to negotiate
Budget-conscious car shoppers are gaining ground this summer as used-vehicle supply grows and federal price data signals softening costs. The Bureau of Transportation Statistics and...